The crypto and blockchain sectors present significant opportunities for economic growth and technological advancement, contingent on establishing regulatory clarity to protect consumers and ensure ethical practices. Bipartisan support for the Financial Innovation and Technology for the 21st Century Act (FIT21) aims to create a structured regulatory environment, enhancing market integrity and fostering innovation. As the bill progresses, it is crucial for lawmakers to recognize the potential of these technologies to maintain America’s competitive edge in the global market.
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